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Tuesday, September 02, 2008

Waiting for Breakout or Reversal

Morning dynamic traders, I am watching the USDCAD for a breakout or reversal as we are at a resistance with the figure. If we have a breakout then we will filter the move and if we have a reversal then we have to qualify.

If this pair does a continuation then 1.0850 zone will be the next resistance zone.

Good dynamic trading.

Anne Chapman.

Below is today's daily pivot points as per the Dnamic Trader Forex Toolkit and the daily USDCAD Advanced Get chart below shows the resistance level.

Dynamic Trader Forex Toolkit Pivot Points










Advaned Get Daily USDCAD Chart

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